St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-30
The COMMERCIAL RECORD.
On the Chicago Board of Trade Mat
tiers We're Fairly Active Through
cut Yesterday.
The Prices Of Ali the Articles on the
List Reached Rather Higher
Figures.
Transactions In the Financial Circles Of
Wall Street.-The General
Quotations.
Snecial to the Globe.


CHICAGO, Nov. 29-The strong thing on
the speculative list was provisions. Within
forty minutes from the opening pork had es-
tablished a gain of 27I2130 over yesterday;
lard was Zoe higher and ribs zoe higher.
Product started in at a gain. and January
pork travelled from S14S2l2 to S14.50, and
May pork from S1i.s5 to $500. January
lard advanced 10 S7.17l2 and February lard
TO S7.25; January ribs to 1915 and March
ribs TO S7.55. The Hebrews were big buyers
on the advance, and packers, as usual,
bought sparingly, wishing all the while that
they had not sold so much at lower figures.
Wheat was rather draggy at the opening,
ranging 76Gl755sc for January and $50
S25sc for May. Corn, too, weakened under
heavy realizing by local plungers, settling
from 46I2c TO 46Isc for December. and from
5IIgc to 505sc for May. Oats were steady at
32Ssc for May Provisions bulled as easily
to-day as at any time since the al
vance commenced. The Hebrews were,
as usual, conspicuous operators on
the long side of the market, and the scalpers
We're working the same way. The advance
in provisions has gone to limits far beyond
the anticipations of the packers and the old
line spectators of the pit. To-day January
pork bulged TO S14.75 and May pork TO
S15.37I2, Il gain since yesterday afternoon of
100000. Lard scored gain Of l5c and ribs
25c from the top. \ reaction of 1OG15c oc-
Cured in pork, but ribs and lard remained
firm. The tone of the market was firm. The
bulls had information to-day that the
PACKING IN THE WEST
to date was nearly l 200, 900 head below last
year, gagged by comparison of average
weight, number, ETC. They also profess to
lafi 10 Of na
that are now being rushed to market are
being sold because farmers cannot afford to
feed them, corn being scarce. They contend
that within a few weeks receipts will fall off
sharply and prove that hogs are in phenom-
cnally small supply this year. Packers are
supposed to concede that this theory is en-
titled to consideration, for their sales have
not gone beyond the limits of cur
rent manufacture The grain markets
recovered their firmness of tone after the
first hour, and thereafter prices ranged
about the level of Yesterdays closingS. Con-
trary to expectations values did not recede
TO any extent. Although there was generous
unloading of property bought for speculative
investment, there was no conspicuous buy
ing, but general and easy absorption of
offerings. The country has its broad Shout
derS under the market, which is frmer at the
current range of values than it was when
prices were 3G4c lower. May corn sold as
low as 50I2c and as high as 5126c, and May
wheat ranged at S25sG S314c, with the bulk of
the trading at or about S3c. Early wheat
cables were construed unfayOrably, millers
showing less anxiety about supplies, but
later cables brought many inquiries from
grain merchants for wheat LOgans New
York correspondent wired him: Beerbohm
estimates that the requirements of the United
Kingdom, over and above the amount on
passage and farmers deliveries previous to
Jan. l. will be $4,000, 900 bu, which must
come from the Atlantic ports and Russia
within the next three or four weeks. This
dispatch exerted considerable influence, and
as the tenor of foreign adyices late in the
day pointed to improving markets abroad.
The bulls felt encouraged 10 look for still
higher prices.
THE ROUTINE REPORT.
CHICAGO Nov. 29.-This was a fairly active
day on the board of trade, and prices of all
the articles on the list were quoted higher
than yesterday. The biggest trading was
done in pork, and in fact during the morning
session the attention of the brokers was
turned almost entirely TO it, The estimated
receipts for the day al the yards were only
24,0O0, while yesterdays estimates placed
the arrivals at 10000. Packers were re-
ported as buyers OF the hogs at prices 51Sc
opened January pork at S14 37l2, against
Yesterdays close of SI4. 22I2. Corn was
strong in sympathy opening at Ole and sell
ing TO 51Isc in the first few minutes. Wheat
continues steady, but declined TO S25sGI S2S4c
for May, later recovering to S2346DS27sc.
Corn also fell off 0034c during the first hour,
but pork remained strong and went higher.
January advanced TO Sl4.50. The demand
for wheat after the first hour of the session
was considerably improved in local way,
and May picked UP again TO S314c, but did
not retain quite all of il. BY noon the Janu
airy option in pork had bulged up to S14.T5,
but after that reacted little. More bnlllsh
conditions at the yards helped the local mar
ket all day. The morning session closed
with January pork firm at Sl461l3. May
wheat steady at 93c and May corn active at
514c. Closing prices were; May wheat,
S2s40S27sc: MAY corn, 507sc; May oats,
321sG5S 2fe: January pork, SIl65: Janu,
airy pork, S14.65; January lard, $40; Jan
uary short ribs, S7.42I2.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. ,, December, opened at 76c,
closing at 75@sc; January. 76l2c, closing at
4614c: February 1850. closing at 1850:
May, S3c, closing at S2$4c. COrn-No. =,
December, opened at 46l2c, closing at I614c;
closing at 507sc. Oats-NO. ., December.
opened at2SI2c, closing at 2Slac; May, 32Ssc,
closing at 32Isc. Mess Pork-per Dbl,
January, opened at 427l2, closing at
Sl4OO: feDrua1N. SI4.4Il2, CLOSING at
SI1T7I2; May. SI4.s5. closing at S15.22I2
Lard-per 100 lbs. December opened at
sos, closing at $40; January, 81. I2l2
closing at s.. 20; February, 500, closing at
$50; May, STATE, closing at S7.52I2.
Short Ribs-per 100 lbs, January opened at
S7.22l2, closing At S7.42I2; February, 81. So,
closing at S7.52i2; March, $7.45, closing
at S7.62l2.
Cash quotations were as follows: Flour
was quiet and unchanged. Wheat-No. 2
spring. 7534c; No. 3 spring, csc; No. red,
T6I2c. Corn-No. 41c. Oats-No. 2, 29l2c.
Rye-No. ., 55I2@56e. Barley-NO. 2, 75@D
zoe. Flax seed-No. 1, 81 23l2G1.26. Timo-
tiny seed-Prime, 50 .29Gg2.30. Mess pork,
per Dbl. .26014.50. Lard, per 100 lbs.
S7.lO07. 1919: short rib sides 0oose) 81. 25@
7.37L2; dry sailed shoulders (boxed), $50
G5.SJ; short clear sides boxed. $500
$50. Whisky-Distllers' finished goods,
per gallon, SLIO. Sugar-Cut loaf. 7HGe
Fs4c; graduated, Csc bid; standard "A,
6i2c bid. Receipts-Flour, $4,000 bbls;
wheat, $1,000 bu: corn, $4,000 bu.; oats,
10000 bu; rye, 1000 bu; barley, $1,000
bu. Shipments-Flour, % 600 bbls; wheat,
$4,000 bu; corn, 30, 600 bu; oats, lbs, 900
bu; rye 500 bu; barley, $4,000 bu. On the
produce exchange to-day the butter market
was steady: creamery, 2S@29c; fancy, 23la
@25c. Eggs-21@22c.